Future Grant Sample Clauses

Future Grant. Funding For a period up to five years after the conclusion of the Grant Period, the Principal Investigator and the Grantee Institution or Organization, by and through the Institutional Official, or Authorized Representative, or his successor, agree to notify the CHRB of future grant awards or contracts received as a result of research funded with grant funds from the Commonwealth Health Research Board.
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Future Grant. The grant of an Option under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Option or benefits in lieu of Options in the future. Future grants of Options, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of the grant, the number of Options, vesting provisions, and the exercise price. The Plan has been introduced voluntarily by the Company and in accordance with the provisions of the Plan may be terminated by the Company at any time.
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Future Grant. (i) In connection with the Second Bonus Payment Right (as defined in Section 2(b) of Exhibit D), no later than ten (10) days following the earlier of (A) the Second Bonus Payment Date and (B) the Second Bonus Payment Right terminates, in each case, in accordance with Exhibit D attached hereto, the Executive will receive a grant of options to purchase a number of shares of Common Stock (the “Replenishment Grant”) equal to the number of Eligible Shares (as defined in Section 2(b) of Exhibit D below) and Vested Options (as defined in Section 2(b) of Exhibit D below) sold in the Second Sale Transaction (as defined in Section 2(b) of Exhibit D below) or to the Company pursuant to Section 2(b) of Exhibit D below, with a per share exercise price equal to the fair market value on the date of grant. The Replenishment Grant will be fully-vested upon the date of grant and will be subject to the terms and conditions of the aforementioned Stock Option Plan, Notice of Grant and Stock Option Agreement, consistent with this Section 4(b). Notwithstanding the foregoing, the Executive will have the right to elect to receive (x) a number of RSUs equal to the number of shares of Common Stock underlying the Replenishment Grant, or (y) a combination of options and RSUs equal to the number of shares of Common Stock underlying the Replenishment Grant. The RSUs, if any, will be granted subject to the terms and conditions of the aforementioned 2012 Restricted Stock Unit Plan, Notice of Grant and Restricted Stock Unit Agreement, subject to modification to allow Executive to receive a bonus payment in the event that the Company declares a dividend on its Common Stock prior to the settlement of the RSUs, which bonus payment will be paid no later than thirty (30) days after the payment of the dividend and will be in amount equal to the amount Executive would have received had Executive held shares of Common Stock equal to the amount of vested RSUs, instead of RSUs. Capitalized terms not defined in this Section 4(b) have the meanings set forth in Exhibit D attached hereto. (ii) In the event Executive elects to receive stock options in respect of the Replenishment Grant, then: (A) within ten (10) days of the date of the Replenishment Grant, the Company will loan the Executive an amount equal to the aggregate exercise price in respect of such options (the “Replenishment Loan”), which Replenishment Loan will become due and payable on the date which is nine (9) years after the date of issuan...
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Related to Future Grant

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.